Construction and Engineering
Company Overview of Mt Højgaard A/S
MT Højgaard A/S provides construction and civil engineering services in Denmark and rest of the Nordic countries. The company is involved in various civil works comprising concrete, concrete renovation, drainlaying, drilling and cutting, earthworks and roads, facade insulation and moisture barrier installation, infrastructure, marine works, piling, utility service infrastructure, and water supply and water treatment works. It also offers commercial construction and refurbishment services for domiciles; hotels; warehouses; multi-storey car parks; pharmaceutical and biotech facilities; production, storage and transportation facilities; and shops, shopping centers, and hotels, as well as design...
Knud Højgaards Vej 9
Founded in 1918
Key Executives for Mt Højgaard A/S
Chief Executive Officer, President and Member of Executive Board
Chief Financial Officer and Member of Executive Board
Chief Executive Officer of Hojgaard Holding A/S
Compensation as of Fiscal Year 2015.
Mt Højgaard A/S Key Developments
MT Højgaard and DEAS to Build New Bed Unit At Slagelse Hospital
Aug 24 15
Region Zealand and Slagelse Hospital have selected PPP partners for the construction and future operation and maintenance of a new 140-bed maternity ward and bed unit, a contract valued at more than DKK 500 million. The new building at Slagelse Hospital will have maternity wards on the ground floor and two additional storeys with beds for 140 patients. The building will have a total floor space of 16,000 m2. The Region and Slagelse Hospital also requested an option to add a third storey to the building. The new building is scheduled for opening by the beginning of 2018. In addition to the construction of the new building, the contract involves a 20 year public private partnership on exterior facility management and maintenance. MT Højgaard is the design and build contractor, and DEAS will provide facility management services. The company to operate the new building will be owned equally by MT Højgaard and DEAS. The financial partners that will own the building are the four pension funds PKA, Sampension, Pension Danmark and Industriens Pension.
Mt Højgaard A/S reports unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015; Revises Earnings Guidance for 2015
Aug 20 15
Mt Højgaard A/S reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of DKK 1,595.9 million compared to DKK 1,685.3 million a year ago. Operating profit before special items was DKK 72.2 million compared to DKK 45.7 million a year ago. EBIT was DKK 72.2 million compared to DKK 45.7 million a year ago. Profit before tax was DKK 68.2 million compared to DKK 43.6 million a year ago. Profit after tax attributable to the shareholders of the company was DKK 32.8 million compared to DKK 16.8 million a year ago. Cash flows from operating activities were DKK 14.7 million against DKK 16.6 million a year ago. Purchase of property, plant and equipment was DKK 29.2 million compared to DKK 43.8 million a year ago.
For the six months, the company reported revenue of DKK 3,251.4 million compared to DKK 3,218.1 million a year ago. Operating profit before special items was DKK 122.2 million compared to DKK 16.2 million a year ago. EBIT was DKK 122.2 million compared to LBIT of DKK 178.8 million a year ago. Profit before tax was DKK 147.9 million compared to loss before tax of DKK 179.4 million a year ago. Profit after tax attributable to the shareholders of the company was DKK 58.4 million compared to loss of DKK 217.6 million a year ago. Cash flows from operating activities were DKK 93.3 million against DKK 167.4 million a year ago. Purchase of property, plant and equipment was DKK 69.3 million compared to DKK 76.6 million a year ago. Positive return on equity was 14.7% against negative ROE of 21.3% a year ago.
For 2015, the company now expects revenue at the level of DKK 7.0 billion compared to a pervious outlook for DKK 7.0 billion to DKK 7.5 billion. Operating profit before special items of DKK 325 million to DKK 375 million, compared to a pervious outlook at the level of DKK 300 million to DKK 375 million. Operating margin before special items of 5%, compared to a pervious outlook of 4% to 5%.
MT Højgaard Enters into A Contract with Silicor Materials to Build A 121,000 Square Metres Production Plant
Jun 19 15
MT Højgaard announced that it has entered into a contract with Silicor Materials to build a 121,000 square metres production plant in the industrial area Grundartangi, 40 kilometers from Reykjavik, Iceland. The plant will be used for production of silicon to be used in solar cells. For more than a year, the company has worked with Silicor to optimize the construction project. In addition to construction, the company will be responsible for project design, planning and consulting. The design phase will now begin based on documents prepared during the negotiation period. Construction is scheduled for completion in 2018. The production plant will be the company’s first project in Iceland in recent years. It will strengthen the company's North Atlantic division, which is already active in Greenland and the Faroe Islands. The contract is worth approximately DKK 1.5 billion, and is subject to the condition that Silicor Materials' complete financing is formalized, a process which can now be finalized. The project is expected to have a positive effect on the company’s consolidated revenue and earnings during the term of the project, but it will not have any impact on the company's current financial guidance.
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